CGV has made an investment in UniSat to strengthen the Bitcoin wallet infrastructure, leveraging UniSat’s support for the Ordinals protocol and market presence.
Cryptogram Venture (CGV), a Tokyo-based crypto investment firm, has announced a significant investment in UniSat, an innovative Bitcoin wallet infrastructure. This investment aims to enhance Bitcoin’s infrastructure capabilities, particularly around the emerging Ordinals/BRC-20 protocol, as CGV continues to promote growth and innovation within the blockchain ecosystem.
UniSat is making a mark in the Bitcoin ecosystem as the world’s first open-source browser extension wallet supporting the Ordinals protocol. With a current market share of 10% to 20% in terms of trading volume and time, as reported by Dune Analytics, UniSat has approximately 800,000 weekly active users, positioning itself at the forefront of the Ordinals/BRC-20 ecosystem.
UniSat’s recent infrastructure upgrade, with the ability to handle 200,000,000 API queries daily, sets the stage for robust support for upcoming markets such as Binance and Bybit, indicating significant potential for growth and expanded market reach.
CGV’s founder Steve has highlighted the firm’s focus on advancing blockchain infrastructure, especially within the Bitcoin ecosystem. Recognizing the crucial role wallets play as a gateway for users to engage with the crypto world, CGV sees UniSat’s potential in shaping the future of Bitcoin’s infrastructure.
With Japan’s prominent position in the global cryptocurrency market, CGV’s strong presence and influence in the Japanese market are expected to drive UniSat’s growth locally and internationally. CGV’s strategic investment in UniSat reflects its dedication to nurturing a new phase in the Bitcoin ecosystem.
About Cryptogram Venture (CGV)
CGV has invested in over 200 crypto projects since its inception and played a key role in launching a licensed Japanese yen stablecoin, JPYW. As a limited partner in various globally renowned cryptocurrency funds, CGV FoF has established a significant presence in the crypto investment landscape.
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